Please fasten your safety belt, hang on and enjoy the ride!!!

Any investors around 41701?

However, in Kaliforinstan the Seller is required to disclose considerable information about the condition of the house and potential hazards to the property.

I may be wrong to do this, but first, the over estimation gives me more safety in case I under budgeted elsewhere, and it lets me keep my sanity while estimating.

While I do have funds set aside to pay the mortgage in the event that rent is late, I like the little safety net of not having it all due at the same time.

Now - safety in a transaction such as this is the equity position.

For hazardous waste removal and other junk fees.My rule of thumb these days is to allow -20% profit on a major systems job (roofing, AC replacement)-$2-$2.25 per sq ft of fooring (Tile Hardwood)-$175per day/$25 hour/ per man for painting and handyman workI guess if a plumber can get $500 an hour then more power to him, but hes not getting that from me.And I can relate to your plumber story.

Like a safety net?

If people buy any asset with zero margin of safety, then their risk of going bust increases.

In particular you need to know: how much notice you each have to give to end the contract, what obligations you have regarding safety and whether you are obliged to lodge the deposit with an agency-Find a lease template specific to renting out a room online and fill in the details.